Home  »  Business   »  Denison Mines Corp. (AMEX: DNN): Unlocking Growth ...

Denison Mines Corp. (AMEX: DNN): Unlocking Growth Opportunity

Denison Mines Corp. (AMEX:DNN) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -3.77% to the previous day’s close as strong demand from buyers drove the stock to $1.02.

Actively observing the price movement in the last trading, the stock closed the session at $1.06, falling within a range of $1.00 and $1.04. The value of beta (5-year monthly) was 1.88 whereas the PE ratio was 15.45 over 12-month period. Referring to stock’s 52-week performance, its high was $2.14, and the low was $0.92. On the whole, DNN has fluctuated by -9.73% over the past month.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

With the market capitalization of Denison Mines Corp. currently standing at about $834.05 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 02, 2022 – Mar 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to -$0.01 for fiscal year -$0.02 and then to about -$0.03 by fiscal year 2023. Data indicates that the EPS growth is expected to be -200.00% in 2023, while the next year’s EPS growth is forecast to be -50.00%.

Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $9.16 million, representing a decrease of -40.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly -13.07% and -20.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.33, while the 7-day volatility ratio is showing 5.73% which for the 30-day chart, stands at 6.67%. Furthermore, Denison Mines Corp. (DNN)’s beta value is 1.87, and its average true range (ATR) is 0.09. The company’s stock has been forecasted to trade at an average price of $2.61 over the course of the next 52 weeks, with a low of $1.95 and a high of $4.17. Based on these price targets, the low is -91.18% off current price, whereas the price has to move -308.82% to reach the yearly target high. Additionally, analysts’ median price of $2.30 is likely to be welcomed by investors because it represents a decrease of -125.49% from the current levels.

A comparison of Denison Mines Corp. (DNN) with its peers suggests the former has fared considerably weaker in the market. DNN showed an intraday change of -3.77% in last session, and over the past year, it shrunk by -22.14%%. In comparison, Ur-Energy Inc. (URG) has moved lower at -4.42% on the day and was down -32.50% over the past 12 months. On the other hand, the price of Cameco Corporation (CCJ) has fallen -3.33% on the day. The stock, however, is off 6.97% from where it was a year ago. Additionally, there is a loss of -7.12% for Uranium Energy Corp. (UEC) in last trading while the stock has seen an overall depriciation of 15.19%% over the past year. The PE ratio stands at 15.45 for Denison Mines Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.

Data on historical trading for Denison Mines Corp. (AMEX:DNN) indicates that the trading volumes over the past 3 months, they’ve averaged 9.81 million. According to company’s latest data on outstanding shares, there are 814.79 million shares outstanding.

Nearly 12.00% of Denison Mines Corp.’s shares belong to company insiders and institutional investors own 7.30% of the company’s shares. The stock has fallen by -25.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNN stock heading into the next quarter.

Leave a Comment

Your email address will not be published.

Related Videos

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]